Genesis Microchip (GNSS) Message Board

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Technology Stocks : Genesis Microchip (GNSS)

GNSS 2.350

-0.4%

Oct 31 9:30 AM EDT

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To: Peter Dierks who wrote (1212)	12/2/2005 8:27:46 AM
From: OldAIMGuy	Read Replies (2) of 1277

Hi Peter, Re: Taxes......... The relatively slow pace of my (AIM's) buying and selling usually has my results in the "long term capital gain" column which keeps the tax bite down. Since I started using AIM in 1988, my "inventory turn over" has averaged about one full turn in 4 years. That's an eternity compared to most trading systems. If I were to liquidate right now, only two of the holding's purchases would be "short term" and that would be the one about a month ago and the one at the beginning of the year. Back in the '80s and part of the '90s I really missed the tax preference given LT Cap Gains. Best regards, Tom

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